Invesco S&P 500 Quality ETF $SPHQ Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC reduced its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,053 shares of the company’s stock after selling 1,612 shares during the period. Merit Financial Group LLC’s holdings in Invesco S&P 500 Quality ETF were worth $3,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 4.0% in the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after purchasing an additional 151 shares in the last quarter. Gateway Wealth Partners LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 2.8% in the 1st quarter. Gateway Wealth Partners LLC now owns 5,551 shares of the company’s stock valued at $368,000 after purchasing an additional 152 shares in the last quarter. Trek Financial LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 3.1% in the 1st quarter. Trek Financial LLC now owns 5,677 shares of the company’s stock valued at $377,000 after purchasing an additional 169 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 2.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,463 shares of the company’s stock valued at $561,000 after purchasing an additional 204 shares in the last quarter. Finally, Hartford Financial Management Inc. raised its holdings in shares of Invesco S&P 500 Quality ETF by 0.3% during the 1st quarter. Hartford Financial Management Inc. now owns 73,385 shares of the company’s stock valued at $4,868,000 after buying an additional 216 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA:SPHQ opened at $73.68 on Wednesday. The company has a market cap of $15.12 billion, a P/E ratio of 25.36 and a beta of 0.94. Invesco S&P 500 Quality ETF has a one year low of $57.67 and a one year high of $74.45. The business’s 50-day simple moving average is $72.50 and its 200 day simple moving average is $69.80.

Invesco S&P 500 Quality ETF Profile

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap.